Honda plays safe on yen 'windfall'

Unlike Nintendo and Japan Tobacco, which raised their profit forecasts this week, Tokyo-based Honda on Thursday cut its net income expectations for the year ending March, assuming the yen will trade at levels that have been outdated since November. Chief financial officer Fumihiko Ike said Honda was being "extra careful" with its yen forecasts because it did not know what to expect in February and March.

via Business feed http://www.scmp.com/business/companies/article/1141450/honda-plays-safe-yen-windfall